Advertisement

Anonymous

17 Sep 2019

∙

General Investing

Which investment option should I undertake for DBS Multiplier Account?

Hi everyone, I’ve recently opened a DBS Multiplier Account. On top of the crediting of my monthly salary and credit card spending, I’m hoping to jump to the next tier of interest rate by undertaking the “investment” transaction. Some friends told me about buying SSBs consecutively for 6 months to get a monthly dividend. But the current interest rate for SSB seems rather low....? Any advice?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Teo Liang Wei

16 Sep 2019

Depending on your objective and your age. If you are young with an ok risk appetite without any liquidity concern I would recommend taking up the STI index.

If you foresee yourself needing the fund within the next 2-3 years horizon, then SSBs might be a good option.

Reply

Save

Write your thoughts

Related Posts

Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Does investment in the RSP count as an investment as indicated in the DBS multiplier account? I believe investment in StashAway is not counted?

I am 27 and have $120,000 cash in different bank accounts - DBS Multiplier, SC Jumpstart etc. I've no investment knowledge and no time to acquire investment knowledge. What should I do to start investing?

Urgent question: Do I need to hold off investing in POSB Invest-Saver until I open a DBS Multiplier account?

Related Products

Standard Chartered JumpStart Account

4.8

785 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.3

329 Reviews

OCBC FRANK Account

4.7

213 Reviews

Related Posts

Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Does investment in the RSP count as an investment as indicated in the DBS multiplier account? I believe investment in StashAway is not counted?

I am 27 and have $120,000 cash in different bank accounts - DBS Multiplier, SC Jumpstart etc. I've no investment knowledge and no time to acquire investment knowledge. What should I do to start investing?

Urgent question: Do I need to hold off investing in POSB Invest-Saver until I open a DBS Multiplier account?

Advertisement